summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to the penalty for withholding low income housing development excess profits. Housing.
AI Summary
This bill amends Section 21 of Chapter 40B of the Massachusetts General Laws to impose a 5-year ban on any public agency or limited dividend or nonprofit organization that is convicted of fraudulently withholding excess profits from a city or town from a development under the Chapter 40B affordable housing program. This new penalty is aimed at addressing the issue of "excess profits" that may be generated from 40B developments, which are required to provide a certain percentage of affordable housing units.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Accompanied a study order, see H5035 (on 09/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H1356 |
| BillText | https://malegislature.gov/Bills/193/H1356.pdf |
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